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Notifications/Circulars

New MCA Scheme for condonation of delay for certain companies

January 15, 2021 7629 Views 3 comments Print

Scheme for condonation of delay for companies restored on the Register of Companies between 01 December 2020 and 31 December 2020,  under section 252 of the Companies Act, 2013

DGFT Introduces online e-PRC System

January 15, 2021 2904 Views 0 comment Print

As a part of IT Revamp of the organisation, this Directorate has decided to introduce a new module (online e-PRC System) for seeking policy/procedure relaxation in terms of Para 2.58 of FTP. Therefore, from 25.01.2021 onwards, all applications seeking policy/procedure relaxation are mandatorily required to be submitted online through the exporter’s dashboard on the DGFT Website. Manual submission of application seeking policy/procedure relaxation would no longer be allowed from 25.01.2021 onwards.

Relaxation from compliance of SEBI (LODR) Regulations

January 15, 2021 4749 Views 0 comment Print

MCA vide Circular dated December 31, 2020 has further extended relaxations to companies to conduct their Extraordinary General Meeting (EGM) through Video Conferencing (VC) or through other audio-visual means (OAVM) (hereinafter referred to in this circular as ‘electronic mode’) upto June 30, 2021.

Norms for investment & disclosure by Mutual Funds in ETCDs

January 15, 2021 723 Views 0 comment Print

a. Short position in Exchange Traded Commodity Derivatives (ETCDs) not exceeding the holding of the underlying goods received in physical settlement of ETCD contracts. b. Short position in ETCDs not exceeding the long position in ETCDs on the same goods.

Tariff Notification No. 04/2021-Customs (N.T.) dated 15.01.2021

January 15, 2021 1794 Views 0 comment Print

Tariff Notification No. 04/2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 04/2021-CUSTOMS (N.T.) New Delhi, 15th January, 2021 25 Pausha, 1942 (SAKA) S.O. 204(E).– […]

Remuneration Amount under section 9A(3)(m) of Income-tax Act, 1961

January 15, 2021 3090 Views 0 comment Print

Finance (No 2) Act, 2019, inter alia, amended clause (m) of sub-section (3) of section 9A of the Income-tax Act, 1961 (the Act) w.e.f. 01.04.2019 to provide for payment of remuneration by an eligible investment fund to an eligible fund manager in respect of fund management activity undertaken by him on its behalf to be not less than the amount calculated in such manner as may be prescribed.

Transhipment of Import & Export Cargo via Sri Lanka & Bangladesh-Waiver of bank guarantee

January 14, 2021 1020 Views 0 comment Print

CBIC has decided to extend the exemption from requirement of furnishing of Bank Guarantee by the carriers for carriage of EXIM cargo for transhipment through foreign territories of Sri Lanka and Bangladesh. This relaxation would apply,if the carrier fulfils the requirement of waiver of Bank Guarantee in a like manner, as provided for by Circular No. 45/2005-Customs, dated 24.11.2005.

Requirement of filing of Bill of Coastal Goods (BCG)

January 14, 2021 4629 Views 0 comment Print

All coastal vessels carrying exclusively coastal goods and operating from either coastal or EXIM berths has been exempted from the provisions of Sections 92, 93, 94, 95, 97 and 98(1) of the Customs Act, 1962 vide Notification No. 56/2016-Cus (N.T.), dated 27.04.2016.

Concession in surcharge levied on additional carpet area index in Maharashtra

January 14, 2021 3321 Views 1 comment Print

Maharashtra Regional Planning and Town Planning Act, 1966. Instructions under Section 154 regarding concession in surcharge levied on additional carpet area index as per prevailing Development Control Promotion Rules … Government of Maharashtra Ministry of Urban Development, Mumbai 400 032. Govt. Resolution No. TPS-1820 / Ano.27 / Pr.No.80 / 20 / Nov-13, Date: 14/01/2021 Preface: […]

IBBI (Model Bye- Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021

January 14, 2021 903 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021.

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